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The Bolen Company forecasts that total overhead for the current year will be $9,000,000 and that total machine hours will be 200,000 hours. Year
The Bolen Company forecasts that total overhead for the current year will be $9,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $10,000,000 and the actual machine hours are 250,000 hours. If the Bolen Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate? $50 per machine hour $40 per machine hour $45 per machine hour $20 per machine hour
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